West Wealth Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 316,839 shares of the company’s stock, valued at approximately $16,400,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.7% of West Wealth Group LLC’s investment portfolio, making the stock its 17th largest holding.
Several other hedge funds also recently modified their holdings of SPEM. Ascentis Independent Advisors acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $27,000. Robinswood Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth approximately $32,000. Brown Lisle Cummings Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth approximately $53,000. Gould Capital LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $59,000. Finally, Sachetta LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 145.9% in the first quarter. Sachetta LLC now owns 1,409 shares of the company’s stock valued at $66,000 after buying an additional 836 shares during the period.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of SPEM stock opened at $51.46 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The stock has a market cap of $17.29 billion, a PE ratio of 15.39 and a beta of 0.61. The firm’s 50 day moving average price is $52.37 and its two-hundred day moving average price is $51.42.
About SPDR Portfolio Emerging Markets ETF
The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.
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